header nav1

Economy News

Tuesday September 18, 2018

Loading Icon
Increase Housing Supply and Prices Will Fall
Residential
Friday September 14 2018

Increase Housing Supply and Prices Will Fall

You often don’t know you’re in a bubble until it has actually popped. This is what ASIC chairman, Greg Medcraft, was warning three years ago. Shortly...

Negative Gearing Reforms Can Save $1.7 billion
Residential
Friday March 9 2018

Negative Gearing Reforms Can Save $1.7 billion

Reforming negative gearing can save the Australian Government more than $1.7 billion each year without hurting ‘mum and dad’ investors, AHURI research released today finds.

WA:How WA Blew the Mining Boom
Mining
Wednesday February 28 2018

WA:How WA Blew the Mining Boom

For much of the 2000s Perth was awash with money and in party mode thanks to the mining boom.

New Home Construction Rebounds in Alberta
Residential
Thursday January 4 2018

New Home Construction Rebounds in Alberta

New home construction in Alberta continues to rebound, led by growth in single-family homes.

The Australian Economy: Juggling Sector Growth
Business
Wednesday November 22 2017

The Australian Economy: Juggling Sector Growth

The record long and strong new home building boom ended in 2016, and we are now a year into what we expect will be a three-year...

Warning over BIG Home Loans
Residential
Wednesday November 22 2017

Warning over BIG Home Loans

The banking regulator is still concerned about the size of the mortgages being taken on by consumers despite the effectiveness of its efforts to curtail...

Australia Facing Shortage in Skilled Engineers
Business
Tuesday November 7 2017

Australia Facing Shortage in Skilled Engineers

Engineers with 12D experience and those in areas such as civil, structural and other areas are in shortage throughout Australia as a large number of public...

NSW Holds onto Strongest Economy
Infrastructure
Tuesday November 7 2017

NSW Holds onto Strongest Economy

The state government is committed to spending $73 billion in infrastructure across NSW over the next four years - more than what the nation is spending...

Households at Risk from Excessive Lending
Residential
Tuesday October 31 2017

Households at Risk from Excessive Lending

The perception that they are 'too big to fail' has encouraged Australia's big four banks to take risks that would exacerbate a housing downturn.

Business
Sep 14 2018
Unemployment Rate Steady at 5.3% in August

Employment growth in August was twice as high as expected, keeping the nations' unemployment rate steady at 5.3 per cent for the second month in a...

1,809 0

Business
Aug 23 2018
Canadian Construction Starts Fall 9% in July

At a seasonally adjusted annual rate of $817.4 billion, new construction starts in July fell 9 percent from the elevated pace reported in June, according to...

2,734 0

Business
Aug 23 2018
Construction up 1.6% in Latest Quarter

Construction work done across Australia rose by 1.6 per cent in the June quarter.

4,453 0

Business
Aug 21 2018
BlueScope Eyes US Growth as Profit Doubles

BlueScope Steel has sharply lifted its payout and announced a $250 million share buyback after more than doubling full-year net profit.

1,173 0

Mining
Aug 21 2018
BHP Sends Work Offshore, Angers Union

BHP has awarded a major steelwork contract for its new South Flank mine in the central Pilbara to a Chinese company, drawing the ire of the...

665 0

Mining
Aug 21 2018
WA Primed for $2 Trillion Lithium Bonanza

Western Australia has a chance to get a huge slice of the fast-growing global lithium battery market if it sets up a processing sector, a lobby...

486 0

Business
Aug 10 2018
NZ Reserve Bank May Hold Rate Until 2020

The Reserve Bank of New Zealand says it might not move the official cash rate for more than two years as it adds to voices pointing...

2,471 0

Business
Aug 9 2018
RBA Upbeat But in no Hurry for Rate Hike

The "best course" of action for the Reserve Bank of Australia is for the cash rate to stay at record lows for the time being, RBA...

1,484 0

Business
Aug 2 2018
Canada Construction Workforce Faces Continued Pressures

Canada’s construction industry must remain focused on recruitment and retention as more than one quarter of a million construction workers are expected to retire this decade,...

1,877 0